abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report)'s share price traded down 0.5% on Friday . The company traded as low as $6.31 and last traded at $6.35. 60,741 shares were traded during trading, a decline of 16% from the average session volume of 72,601 shares. The stock had previously closed at $6.38.
abrdn Global Income Fund Stock Performance
The business's 50-day moving average is $6.09.
abrdn Global Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 13.21%. The ex-dividend date is Monday, June 23rd.
Institutional Investors Weigh In On abrdn Global Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCO. Oppenheimer & Co. Inc. increased its position in abrdn Global Income Fund by 1.7% during the first quarter. Oppenheimer & Co. Inc. now owns 109,299 shares of the company's stock valued at $657,000 after acquiring an additional 1,879 shares during the last quarter. Foundations Investment Advisors LLC purchased a new stake in abrdn Global Income Fund in the 1st quarter worth approximately $61,000. LPL Financial LLC purchased a new position in shares of abrdn Global Income Fund during the 4th quarter valued at approximately $64,000. Detalus Advisors LLC acquired a new stake in shares of abrdn Global Income Fund in the first quarter valued at about $66,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of abrdn Global Income Fund in the first quarter valued at about $96,000. 10.79% of the stock is currently owned by institutional investors.
abrdn Global Income Fund Company Profile
(
Get Free Report)
Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.
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